how much is average american has in saving account at age of 50

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I used to work as a hotel receptionist here in italy and a lot of guests are from the usa.i just wonder how often you can go on holiday per year.many of them are retired people,but can also youngsters afford to go on vacation often? just curious to compare facts with us italians. . . sorry guys!!! i wrote vacancies instead of vacations!! bad error,i apologize. . .

I believe most people have 2 major vacations per year. One in the summer and one in the winter.

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Universal unlimited health care affordable schools thru university daycare dental care job security average of eight weeks vacation with minimum four weeks to start, six weeks after five years no wars little crime, few murders and robberies good religious availability right to vote pensions you can actually afford to live on. higher taxes than americans are used to. question: how has it been in america for the people for forty years? for you?

We are jealous of all but the last thing you mention. This nation was founded by tax evaders, and for tax evaders.

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The details: we have $100k+ saved for down payment and our annual salary is $130k+ after 2 years in the work force. we both travel for work 70% of time so low living expenses at home, and travel for vacations is often free. our only debt is a single car payment ($500/mo). we both are young (26) with 4 (going on 5) college degrees and anticipate lots of room for promotions and raises in the next 10 years. infact, we both are expecting promotions in the next 4-6 months, making our salary

A mortgage payment that is 25% of your gross pay is very realistic. You also have a nice downpayment saved. Be sure you have a rainy day fund and remember that new house will need lots of stuff -- window treatments, furniture ... Go house hunting with that $500K as the top. If you find something you like at a lesser price, so much the better. Since you both travel so much, how much house do you really need?

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If you missed nearly 80% of your scheduled duties at your place of employment, would you still have a job - or you would be promoted? http://edition.cnn.com/2007/politic s/11/02/obama.missed.votes/index.ht ml luckily barack obama is employed by the people of the united states as a member of the senate. this affords him record high absences during: "issues he did not cast ballots for ranging from the symbolic to the significant." http://www.sourcewatch.org/index.ph p?title=barack_obama:_u.s._presiden tial_election%2c_2008/senate_attend ance%2c_missed_votes#references let's do the math, shall we? 365 days in a year - 144 days off (52 weekends + 2 weeks vacation) = 241 days worked by the average american if you're obama: you would average 48.2 days worked yearly. 23: if you misread, i cited my sources. if you disagree, please cite your sources. all feedback is welcome. brian b: while in the illinois state senate, mr. obama campaigned for a seat in the american senate. while in office there, he campaigned for a presidential nomination. as a leader, we need someone that will look towards the future of the american people, not towards his own grandeur.

He has spent almost his entire time since being elected to the US Senate running for President, yet he still collects his paycheck (courtesy of the US taxpayers) like clockwork.

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Money matters by suze orman count your blessings -- and your money by suze orman utility links printable viewemail this pagemonday, july 31, 2006 i'd be the last person to tell you that money can buy happiness, but i'm fascinated by recent reports insisting that money isn't a major factor in whether or not people are happy. please. positive psychology (that's what academicians call the study of human happiness) is a hot field of research, and the folks at the positive psychology center at the university of pennsylvania have come up with an interesting questionnaire that's been getting a lot of press. yet nowhere in the 24-question authentic happiness inventory does the issue of money -- or, more important, our desire for financial security -- merit a mention. hmm. a conspicuous omission given how expensive our lives are, how can money not be a factor? we have huge mortgages and tapped-out home equity lines of credit weighing on us. college tuition bills have never been more daunting. our employers are less likely to give us a defined benefit pension, so the onus is on us -- and our 401(k)s -- to figure out how we'll be able to afford retirement. if we're lucky enough to get health insurance through our employer, the trend is for each of us to be responsible for a greater portion of the bill. i would love to live in a world where authentic happiness was achievable solely from the richness of relationships, but i'm a realist. and the reality i see -- and that so many of you write to me about -- is one in which money plays into our ability to be truly happy. yes, i've heard about the study of lottery winners that showed they were not relatively happier than those who hadn't won the lottery, and the one reporting that folks on the forbes 100 list (the wealthiest people alive) weren't much happier than the average american. those studies show that being filthy rich doesn't ensure happiness, but that's not something most of us have to contend with. i'm talking about how your happiness is affected when you're worried about how you'll pay the bills at the end of the month, save for the future, and be able to afford to retire. in other words, how you'll make ends meet. when those worries are your reality, i think it's ridiculously hard to be authentically happy. happiness is income-sensitive apparently, i'm not the only one who thinks so. a survey conducted earlier this year by the pew research center reports that, overall, just 34 percent of respondents are very happy. but when you start to slice the findings by income, it gets very interesting: 49 percent of respondents with an annual family income above $100,000 say they are very happy. when income falls between $75,000 and $100,000, the very-happy contingent falls to 38 percent. just 24 percent of those with incomes below $30,000 said they were very happy. i want to be quite clear: i'm in no way saying that money is all that matters. but i'm so tired of how scared everyone is to admit that money does in fact make a difference in the quality of our lives. a family affair most of you would probably say that what makes you truly happy is your family and the love you share in your relationships, and i couldn't agree more. but money comes into play in those relationships, too. when i talk about money this way to a group, invariably someone comes up to me afterward and give me a "tsk, tsk" look and says, "suze, you are so wrong. money isn't the key to life, this is!" at which point their wallet flies open and they show me a photo of their family. that's when things get interesting, because i start asking them questions: did you take that photo with your own camera? it looks like a beautiful beach; was the photo taken on a family vacation? are those braces i see on the two teenagers? do you hope to help those beautiful kids go to college? as their heads bob in successive "yes" nods, i ask them how they provide all of that for their family. that's when they understand that i had it right. richer, but not happier at the risk of repeating myself, i totally agree that family and friends are vital to our well being; without meaningful relationships, there's no chance of ever being truly, authentically happy. that's why, every saturday night, i end my cnbc show with the following words: "people first. then money. then things." but money does have a place at the table. if you don't have money to buy things, you're going to be very frustrated. it's just that simple. how we handle the money we have also plays into our happiness. the pew survey points out that over the past few decades, the percentage of americans who say they're happy hasn't changed much (it hovers at around one-third of the population), while at the same time the average per capita income has doubled in inflation-adjusted dollars. so we have more money, but we're not much happier on average. a paradox? far from it. my sense is that we while we're making more money, we aren't making more of the money we make. we have a ton of debt, and we have to worry about saving for retirement in a way that our parents and grandparents never did. and as many of you know, it's really hard to boost your happiness quotient when you've got a lot of money worries. where are you on the money/happiness scale? do you agree, or am i way off base? i'd love to know what you think about the money/happiness connection. so answer the following questions and find out how you stack up with your fellow readers and happiness-seekers. (please answer and submit your response to one question at a time.) question 1: money has absolutely nothing to do with my level of happiness. strongly agree agree disagree strongly disagree neither agree nor disagree question 2: money is a factor, though not the only factor, in my happiness. strongly agree agree disagree strongly disagree neither agree nor disagree question 3: i would be happier if i didn’t have to worry about paying the bills every month. strongly agree agree disagree strongly disagree neitehr agree nor disagree question 4: i would be happier if i could afford to save more money for my long-term goals (such as buying a home, paying for a child’s college education, or retiring comfortably) strongly agree agree disagree strongly disagree neither agree nor disagree the columns, articles, message board posts and any other features provided on yahoo! finance are provided for personal finance and investment information and are not to be construed as investment advice. under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. the views and opinions expressed in an article or column are the author's own and not necessarily those of yahoo! and there is no implied endorsement by yahoo! of any advice or trading strategy. ----------------------------------- ----------------------------------- ---------- advertisement recent columns emergency cash is a necessity, not a luxurymonday, july 17, 2006why it pays to review your life insurancemonday, july 3, 2006money matters archivesdiscuss this column on our message boards suze's finance software will & trust kit the fastest and easiest way to create must-have documents. a $2,500 value, valid in all 50 states. only $13.50. buy now. insurance kit make sure you have the insurance you need. evaluate your insurance policies instantly. only $43.98. sign suze's petition stay informed headlines add headlines to your personalized my yahoo! page (about my yahoo! and rss) suze orman » more columnists feeds alerts get an alert when there are new articles from: suze orman more columns how not to ruin your lifethe automatic millionairethe naked economistwhy the rich get richerthe future for investorsall columns ----------------------------------- ----------------------------------- ---------- ----------------------------------- ----------------------------------- ---------- copyright © 2006 yahoo! inc. all rights reserved. terms of service. to learn more about yahoo!'s use of personal information, please read the privacy policy.

After one's basic needs (food, shelter, clothing, etc which reflect money or other assets) are met, other aspects of ones life may become more important than money in ones happiness. These are considered in some corporate compensation programs and may include things such as: recognition of accomplishments by management and peers, personal development opportunities, status symbols, and self fulfillment opportunities.

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Why would anyone support a tax policy that let's corporations off the hook? and here's another tip . . . rich people are rich because the save (invest) more money then they make . . . why would you give the rich tax free income on the money they do not spend when the average american can barely make ends meet . . . let alone save . . . if your making 900k a year you can probably afford to live off of 400k giving you a half million in tax free income . . . if your making 90k per year your probably spending everything you earn on on the basics with an odd vacation thrown in . . . so that's right . . . you have traded in the income that would normally be protected under standard deductions and agree to have it taxed so the guy that makes 900k can have tax free income. good job. p.s. common sense will tell you that if something has to be called "fair" or "true" . . . it's not.

I am personally still looking into the details of the fair tax. I have to say that you have hit upon the only potential downside of the tax. Many upper class tend to have the ability to save more money than the poor, meaning they can stash away more tax-free money. This may continue the trend of the rich getting richer. I really don't care if the rich get richer, as long as the poor don't get poorer. If everyone benefits, then who cares if the rich make more money off of their savings. I am still digging through the details to figure out how I am going to get screwed if I support this form of taxation. It does seem to make a lot of sense though, and it will decrease the amount of fraud, paperwork, ect... and put more money into AMERICAS hands. This was a good post, I was curious of what people thought about the rich being able to stash away money tax free.

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If you missed nearly 80% of your scheduled duties at your place of employment, would you still have a job - or you would be promoted? http://edition.cnn.com/2007/politic s/11/02/obama.missed.votes/index.ht ml luckily barack obama is employed by the people of the united states as a member of the senate. this affords him record high absences during: "issues he did not cast ballots for ranging from the symbolic to the significant." http://www.sourcewatch.org/index.ph p?title=barack_obama:_u.s._presiden tial_election%2c_2008/senate_attend ance%2c_missed_votes#references let's do the math, shall we? 365 days in a year - 144 days off (52 weekends + 2 weeks vacation) = 241 days worked by the average american if you're obama: you would average 48.2 days worked yearly. i apologize for posting this in the wrong category. this has no place in this section, so i reposted in the correct area. unless you really want to answer, please ignore this.

I have been in the workforce for 22 years. I never called in sick until last - year I called in one day. I have taken all my vacation that has come my way. It is a record that I am very proud of.